ONE of Port Phillip Bay’s largest and last undeveloped sites will be transformed into a major entertainment, commercial and residential village built around a major new harbour, two beaches and a 1000 berth marina – one of the biggest in Victoria.

The state government, Wyndham City Council and the owner of Werribee South land around the proposed marina – interests associated with Melbourne’s wealthy Liberman family – are expected to unveil plans and images of Wyndham Harbour next week, according to sources.

The proposal – worth about $440 million – is said to include a hotel, retail and restaurant precinct, yacht club, apartments and detached housing.

A proposed ferry transit terminal will link the development to the CBD and possibly other marinas around Port Phillip Bay.

Wyndham Harbour is earmarked for a major slice of land and waterways near the mouth of the Werribee River. The site is about 30 kilometres south-west of town, about half way to Geelong near the RAAF Williams Point Cook Base.

Construction is expected to start next year, or about seven years after the council sold a four-hectare site at the bottom of Duncans Road for $1 million to the Liberman family’s Jagen Pty Ltd, and Prudentia Investments Pty Ltd, headed by Angus Reed.

Though the affected land was once zoned “green wedge”, well placed industry sources say redevelopment of the area has been mooted since the late 1980s.

A spokeswoman for the development consortium declined to comment about the proposed development when contacted by Capital Gain.

Wyndham Harbour would be the second major project proposed for Melbourne’s western suburbs recently.

Earlier this month it was reported Yarraville’s 26-hectare former Bradmill factory site will be redeveloped into the $900 million Yarraville Gardens village, which will include houses and a major new shopping centre near the Millers Road exit of the West Gate Freeway.